WFP Resumes Food Aid to Syrian Refugees
The World Food Program has resumed its program providing food vouchers to Syrian refugees in five countries, following a week of massive fundraising.
The U.N. agency had stopped providing the vouchers last week, saying it needed $64 million to meet the needs of 1.7 million refugees in December.
The World Food Program said Tuesday that individuals and governments have since contributed $80 million.
WFP Executive Director Ertharin Cousin called the funding an "unprecedented" outpouring of support.
The food vouchers allow refugees to buy food from local vendors in Jordan, Lebanon, Turkey, Iraq and Egypt.
Income Gap Widening in World's Developed Economies
A new report says the gap between the richest and poorest people in some of the world's biggest economies has reached its highest level in 30 years.
The Paris-based Organization for Economic Cooperation and Development said Tuesday the richest 10 percent in the 34 countries that belong to the group now annually earn nine and a half times that of the poorest 10 percent. By comparison, the ratio was seven to one in the 1980s.
The OECD, which includes the United States, Japan and the biggest European economies, said the large wealth inequality has a "negative and statistically significant impact" on economic growth.
It said the single biggest impact on growth is "the widening gap between the lower middle class and poor households compared to the rest of society."